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Utah Residents Caught Running Wild West Crypto Outlaw Operation: No License Required

Crypto NewsHackMemecoins 2 Sam Rogers August 15, 2024

An illustration of a wanted poster with the image of two outlaws on horseback riding away into the sunset towards mountains covered in snow; one outlaw is holding a bag full of gold coins while the other holds up a tablet displaying cryptocurrency symbols. The background features an old-fashioned clock tower, its face shattered and broken. In the foreground, there are scattered papers with numbers and codes written all over them. A faint image of Utah's landscape can be seen in the distance behind the outlaws as they ride off into the mountains.

Well well well! Look who’s trying to get rich quick with their unlicensed crypto business – two Utah residents are facing the music after being indicted for operating an illicit money-transmitting operation. Because what could possibly go wrong when you convert a cool $2.5 million into cryptocurrency, right? It’s not like it’ll be lost forever in some obscure blockchain or anything…

Source: bitcoin.com

Unlicensed Crypto Business Leads to Indictments in Utah
https://news.bitcoin.com/unlicensed-crypto-business-leads-to-indictments-in-utah
Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. The U.S. Department of Justice and the U.S. Attorney’s Office for the District of Utah announced that Brian Garry Sewell and Keen Lee Ellsworth were indicted in St. George, Utah, for operating an unlicensed […]

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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